MIDLAND, Michigan. – The old chief executive of Dow Chemical, who led the company through the financial crisis, a merger with competitor DuPont, and the scheduled dismantling of the entire company, is stepping down.
Andrew Liveris announced two years ago that he would retire in mid-2017, but that was postponed to the company with the name of a successor.
DowDupont Inc. said Monday that Liveris, 63, gives his executive chairmanship in April, and his role as a director in July, when he officially retires.
Jeff Fettig, a former independent director, will be executive chairman. Jim Fitterling will lead the materials-science company to be created during a planned collapse of next year. DowDuPont will break itself into three separate companies after a successful, $62 billion merger between Dow and DuPont last year.